NOT LISTED FOR SALE

Estimated Value: $796,000 - $1,092,000

8 Beds
4 Baths
3,240 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $1,080,000 $333 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $6,759/month

5 Days on Market

About This Home

As of May 2021

Great Fourplex in a great location. Each unit has its own garage. Spacious bedrooms and well-maintained interior and exterior throughout. Each unit is 2 bedrooms and 1 bathroom. All the tenants have paid on time. One vacant unit makes this property perfect for owner-occupied or for investment to rent it out at the market price.

Last Agent to Sell the Property

Yunyun Lin

Province Real Estate License #02038775 Listed on: 04/14/2021

Province Real Estate

Last Buyer's Agent

Yunyun Lin

Province Real Estate License #02038775 Listed on: 04/14/2021

Province Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,998

Year Built

  • 1958

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Home Design

  • 3,240 Sq Ft Home
  • Quadruplex

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $89,520
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $1,692
  • Maintenance Expense $1,200
  • Utility Expense $240
  • Trash Expense $2,120
  • Operating Expense $19,356
  • Gross Income $89,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,998

Year Built

1958

Lot Details

0

Parking

4

Listing Details

  • Zoning: 23
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3240
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Living Sq Ft: 3240

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Off-Street Parking, Parking Area

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 11.16
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1692
  • Expense Landscape: 1000
  • Expense Maintenance: 1200
  • Expenses Total: 19356
  • Expenses Utility: 240
  • Expense Trash: 2120
  • Income Annual Gross: 89520.00
  • Income Annual Rental: 89520
  • Income Gross Scheduled: 89520
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jun 17, 2021
Sold by
Caredo Usa Investments & Trading Llc
Bought by
Zhang Jiaxin
Seller's Agent
Yunyun Lin
Province Real Estate
Buyer's Agent
Yunyun Lin
Province Real Estate
List Price
$998,888
Sold Price
$1,080,000
Premium/Discount to List
$81,112
8.12%
Current Estimated Value
$988,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,076
Avg. Annual Appreciation
-1.96%
Original Mortgage
$735,000
Outstanding Balance
$665,451
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$323,473

Purchase Details

Closed on
Jun 6, 2016
Sold by
Focus Group Ventures Llc
Bought by
Caredo Usa Investments & Trading Llc

Purchase Details

Closed on
Dec 15, 2015
Sold by
Community First Development Llc
Bought by
Focus Group Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,500
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2012
Sold by
K L Hampton Group Fund 2 Llc
Bought by
Community First Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2011
Sold by
City Of Richmond
Bought by
K L Hampton Group Fund 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,360
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2008
Sold by
Turner Isiah and Turner Viretha Barclay
Bought by
City Of Richmond

Purchase Details

Closed on
Apr 16, 2002
Sold by
Lewis Bert C and Lewis Ruth L
Bought by
Turner Isiah and Turner Viretha Barclay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2002
Sold by
Lewis Ruth L
Bought by
Lewis Ruth L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhang Jiaxin $1,080,000 Fidelity National Title Co
Caredo Usa Investments & Trading Llc $600,000 Old Republic Title Company
Focus Group Ventures Llc -- Old Republic Title Company
Focus Group Ventures Llc $550,000 North American Title Co Inc
Community First Development Llc $200,000 Old Republic Title Company
K L Hampton Group Fund 2 Llc $80,000 First American Title Company
City Of Richmond -- Old Republic Title Company
Turner Isiah $420,000 North American Title Co
Lewis Ruth L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Jiaxin $735,000
Previous Owner Focus Group Ventures Llc $717,500
Previous Owner Community First Development Llc $144,000
Previous Owner K L Hampton Group Fund 2 Llc $59,360
Previous Owner Turner Isiah $336,000
Closed Turner Isiah $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2021 05/19/21 Sold $1,080,000 +8.1% $333 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $998,888 -- $308 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,998 $920,000 $300,000 $620,000
2024 $20,511 $1,146,104 $424,483 $721,621
2023 $20,511 $1,123,632 $416,160 $707,472
2022 $20,097 $1,101,600 $408,000 $693,600
2021 $13,675 $656,184 $218,727 $437,457
2019 $12,807 $636,724 $212,241 $424,483
2018 $12,332 $624,240 $208,080 $416,160
2017 $12,008 $612,000 $204,000 $408,000
2016 $8,768 $550,000 $185,000 $365,000
2015 $5,475 $313,027 $52,254 $260,773
2014 $5,018 $286,896 $51,231 $235,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81838919

MLSListings

APN: 544-150-008-8